Annual report pursuant to Section 13 and 15(d)

INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)

v3.19.3.a.u2
INTANGIBLES, NET OF ACCUMULATED AMORTIZATION (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The following table summarizes the Company's intangible assets:
 
December 31, 2019
 
December 31, 2018
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Value
Trade name
$
700

 
$
(140
)
 
$
560

 
$
700

 
$
(117
)
 
$
583

Leasehold intangibles (A) (B)
—

 
—

 
—

 
46,581

 
(20,270
)
 
26,311

Management contracts
32,331

 
(17,342
)
 
14,989

 
32,932

 
(15,174
)
 
17,758

Internally-developed software
252

 
(27
)
 
225

 
2,314

 
(967
)
 
1,347

Membership base
5,236

 
(4,488
)
 
748

 
5,236

 
(3,740
)
 
1,496

Nonamortizable liquor licenses
1,043

 
—

 
1,043

 
893

 
—

 
893

Total intangibles
$
39,562

 
$
(21,997
)
 
$
17,565

 
$
88,656

 
$
(40,268
)
 
$
48,388

(A)
The amortization expense for leasehold intangibles is reported in operating expenses in the Consolidated Statements of Operations.
(B)
As of January 1, 2019, leasehold intangibles were reclassified from "Intangibles, net of accumulated amortization" to "Operating lease right-of-use assets" in the Consolidated Balance Sheet as part of the adoption of ASU 2016-02.
Schedule of future amortization expense
The unamortized balance of intangible assets at December 31, 2019 is expected to be amortized as follows:
2020
$
2,941

2021
1,827

2022
1,571

2023
1,566

2024
1,090

Thereafter
7,527

Total amortizable intangible assets
16,522

Nonamortizable liquor licenses
1,043

Total intangible assets
$
17,565